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3.
Methodology• 105 Managing partners and executive directors from the AmLaw 150, UK Magic Circle, Canadian LEXPERT Top 30 attended the third Legal Industry Executive Briefing in May.• 50% of the attendees completed a pre- Briefing e-mail survey. Survey was designed to identify current issues for content presentations. 3

8.
Practice Area Growth or Decline What do you expect will happen to the overall volume of litigation or corporate/transactional work at your firm over the next 12 months?  Almost two-thirds of attendees expect litigation volume to increase over the next 12 months 96%  On the flip side, 60% of attendees expect the volume of corporate/ transactional work to decrease >10% 1-4% To what degree do you Increase 62 expect it to rise? 6% % 33 5-10%Stay the same % 35% >10% Decrease 6% 1-4% To what degree do you 60% expect it to fall? 0% 25% 50% 75% 5-10% Litigation Corporate/trans 8

9.
Practice Area Growth or Decline What do you expect will happen to the overall volume of litigation or corporate/transactional work at your firm over the next 12 months? Estimations for litigation volume has declined from a year ago but it is still expected to grow Corporate/transactional estimates is substantially different from last year Litigation Corporate/Transactional 100% - 100% - 93% 85% 75% - 75% - 62% 60% 50% - 50% - 33% 35% 25% - 25% - 7% 11% 6% 7% 0% 6% 0% - 0% - 2007 2008 2007 2008 Survey Results Survey Results Survey Results Survey Results Increase Stay the same Decrease 9

11.
Practice Area Growth or Decline Do you use a suite of applications to help manage litigation ? Over half of the attendees have a suite of applications to help manage litigation Most firms have a combination of home grown and purchased applications Don’t Providers mentioned: know 75% - Microsoft, Concordance, 31% Interwoven, Introspect, Elite 50% - 43% 36% Yes 25% - 21% 54% 0% - 0% 0% No Combination Multiple Don’t Home Single 15% of home grown and providers know grown provider purchased 11

21.
Practitioners’ Perceptions “Work is up from last year, which was a kick-ass year”“It’ll rise, if not significantly. As long as the economy is in decline itwill continue to rise. Companies are faltering, or at least defaulting on loans, contracts etc.” “The litigation market will remain choppy this year . . . In securities we will see work when deals blow apart.” “When business opportunities are lost, all [companies] have left are claims, and they pursue them.” 21

22.
Practitioners’ Perceptions “In a downturn clients are less likely to litigate and open the spigot”“Not generally affected in litigation by a downturn in the economy. Not quite counter-cyclical.” “There is usually a spike in recessionary times, but I am not sure we’ll see it this time because litigation is now so expensive” 22

23.
Clients’ Perceptions“We get sued when we don’t do what we saying we’re going to do . . . [and] there are a huge number of lawsuits where we didn’t do anything wrong but we get sued because we’re huge and someone got mad”“Whenever we do something new, boom, there comes the law firm suing us” “Class Action du jour” Litigation follows inexplicable cycles, with waves followed by wonderful, brief periods of calm” 23

26.
Messages for Managing Partners• Litigation is not • Work-types and business sectors can homogeneous move independently of the economy and each other• Some firms are booming, • If your litigators are struggling is it the while others are not overall market, a sector issue, or that they are failing to compete effectively?• Plaintiff firms are • Likely to appear in new areas of work diversifying 26

27.
Messages for Managing Partners• Clients seem to prefer • International arbitration and mediationthe courts to arbitration remain popular• Costs are a truly • Perceived efficiency in staffing andimportant issue project management are key competitive strengths• E-Discovery is a major • But this presents opportunities for firmsburden for clients to manage the process well 27

30.
Law Firm Technology Scorecard• Developed with a consortium of law firms to provide more integrity and depth than industry surveys and anecdotal observations.• Established a standardized approach and industry database for costs, staffing and process maturity.• Establishes a 360 degree view of technology effectiveness to provide context for the benchmarks. 30